Stories tagged with Micro Credit Development Trust SACCO (MCDT)

Jul 7, 2013 UG Uganda
              
By: Abhishesh Adhikari
 
One of the Kiva partner MFIs that I am helping in Uganda is Micro Credit for Development and Transformation (MCDT.)  It is based in Kampala and provides financial services primarily to low-income women who come to Kampala from remote areas of Uganda. Even though the average loan size for a borrower at MCDT is only about $200, it is amazing how impactful the loans have been in helping these women become financially independent.
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May 5, 2011 BO Bolivia

By Nila Uthayakumar, KF14, Uganda, 

With the help of several other Fellows in the field

Borrowers of an MCDT solidarity group meet under the shade of a tree in Kampala, Uganda.

I’ve met all kinds of borrowers. From age 16 to 76; from orphans to a former beauty queen; from potato sellers to auto parts saleswomen to motorcycle transportation tycoons. I’ve met them in urban slums, in villages, in homes, on porches, in...

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Mar 3, 2011 UG Uganda

The Source of the Nile in Jinja, Uganda

Nila Uthayakumar, KF14, Uganda

My Rough Guide to Kenya has been open face down on my desk for the past few days. My time in Uganda has been incredible. I have seen and experienced so much in such a short period. Like my life has been on fast forward. This country captured me instantly. Drew me in. And held me close. Whispering. This land is unlike any other.

But it seemed as if...

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Mar 3, 2011 UG Uganda

By Nila Uthayakumar, KF 14, Uganda

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Nila is a Kiva Fellow living in Kampala, Uganda. She looks forward to working with several Kiva partner MFIs in Uganda and Kenya over the next few months.


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Feb 2, 2011 UG Uganda

By Nila Uthayakumar, KF 14, Uganda

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Nila has just arrived in Kampala, Uganda after having spent six months in Zanzibar, Tanzania last year. She considers East Africa home now, and looks forward to working with several Kiva partner microfinance institutions throughout the next few months in Uganda and Kenya.


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Feb 2, 2011 BO Bolivia

Fellows wrote about visiting with borrowers and so much more (South African clients pictured above)

Members of the 14th class of Kiva Fellows have officially hit their stride. While we never know where the next dispatch will come from or what interesting topics the Fellows will cover next, we always know we’ll be transported, entertained, and edified. This past week, topics included “Christmas”, trekking to a remote village (with video!), handling adversity (...

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Feb 2, 2011 UG Uganda

By Nila Uthayakumar, KF 14, Uganda


On the one-year anniversary of Eva Wu’s blog post entitled In Defense of “High” MFI Interest Rates, I was inspired to write a post on this exact topic. The date of this post is a coincidence, as I was actually inspired by the concerns of a group of friends I met with last week. They inundated me with questions: Why is it that microfinance institutions (MFIs) all over the world charge interest rates between 30 to 60% or even higher in many cases? Are they all predatory organizations,...

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Feb 2, 2011 UG Uganda

Sam the loan officer counting loan repayments

By Nila Uthayakumar, KF 14, Uganda

Tuesday morning. It was just my second day at Micro Credit for Development and Transformation (MCDT), a Kiva partner microfinance bank based in Kampala, Uganda. I sat at the helm of a grouping of desks in an airy room within an office building perched at the very tip-top of a hill in Kampala. What a view. Of the city, but also of the four loan officers preparing to go into...

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Sep 9, 2010 UG Uganda

By James Allman-Gulino, KF11 Uganda

I’ve now been in Uganda for 5 months, and today is the last day of my Kiva Fellowship.  Naturally the fellowship has had its ups and downs, but on the whole I’ve had a fantastic experience here working with Kiva, BRAC Uganda, and MCDT SACCO.  I feel very privileged to have gotten the chance to see how microfinance really works on the ground, and how it impacts the lives of borrowers.  Along the way I’ve amassed a few thoughts about my time here, Kiva’s operations, and microfinance in general, which I’ve...

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Sep 9, 2010 UG Uganda

By James Allman-Gulino, KF11 Uganda


Do microfinance loans actually improve the lives of borrowers? This is an enormous question, and one that’s notoriously difficult to measure.  In an earlier post on social performance, I mentioned some of the issues involved with trying to obtain such a metric (chiefly: it’s expensive, it may ignore hard-to-measure social benefits of borrowing, and it’s tough to isolate microfinance loans as the sole reason a borrower’s income increases/decreases).  But despite those challenges, if microfinance is...

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